US stocks experienced an extremely volatile night following the Fed’s decision and hawkish comments, the 4000 area has acted like a magnet over the last few weeks and we’re still there after a deluge of news. At this stage, we are giving the bullish view the benefit of the doubt but it’s a fairly close call.
- We are still bullish on US stocks into Christmas with the 4200 area with major news now in the rear-view mirror.
MM remains mildly bullish on broad-based US equities into 2023
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